NFT sales fell to a low in June

The volume of trading in non-fungible tokens on the openSea platform fell by 75% over the month.
NFT sales fell to a low in June

June NFT sales volume was $1 billion for the first time since June 2021. According to Bloomberg, token sales on OpenSea’s NFT macretplace totaled $670 million, down 75 percent from May’s results.

In January 2022, NFT sales were $5 billion. OpenSea’s monthly volume in June is the lowest for the marketplace since July 2021.

The value of the best-selling collections also declined. Publication fr​om community cryptodefix.com. Tokens from the Otherdeed collection, which were highly sought after in May, are down 30% in value. The value of Bored Ape Yacht Club (BAYC) heroes fell by almost 33%.

The NFT industry itself has recently become an attractive breeding ground for scams. The Beeple hack brought in $438,000 for the scammers, and Actor Seth Green lost $300,000 in a phishing attack.

Mentioned project

OpenSea NFT-marketplace for selling and buying tokens.
NFT-marketplace for selling and buying tokens.

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